One Upper West Side co-op recently did just that, says its managing agent, Kevin Mitchell of Douglas Elliman Property Management.
Here’s how it works at 262 Central Park West:
Residents contribute underused bikes, including road bikes (thin tires), mountain bikes (straight handlebars/thicker tires), and childrens’ bikes
The building pays a local bike shop to clean them up, and the building staff looks after them on a regular basis
Residents and accompanying friends can borrow bikes anytime so long as they sign a release form held by the doorman
Helmets aren’t included and bikes can’t be checked out all day or overnight
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